Phoenix Copper (LON:PXC) Shares Down 4% – Should You Sell?

Shares of Phoenix Copper Limited (LON:PXCGet Free Report) fell 4% during mid-day trading on Friday . The stock traded as low as GBX 3 ($0.04) and last traded at GBX 3 ($0.04). 455,527 shares were traded during mid-day trading, a decline of 21% from the average session volume of 578,171 shares. The stock had previously closed at GBX 3.13 ($0.04).

Phoenix Copper Trading Down 8.8 %

The company has a current ratio of 0.65, a quick ratio of 13.42 and a debt-to-equity ratio of 5.51. The company has a market capitalization of £6.13 million, a price-to-earnings ratio of -2.50 and a beta of 1.75. The company has a fifty day moving average of GBX 4.59 and a 200-day moving average of GBX 8.76.

About Phoenix Copper

(Get Free Report)

Phoenix Copper Limited is a North American focused, base and precious metal explorer and developer, with operations near Mackay, Idaho in the Alder Creek mining district. This district includes the historical Empire, Horseshoe, White Knob and Blue Bird Mines, which produced copper at head grades of 6-8% prior to ceasing production in the 1940s.

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